Marco

Update on Marco

Marco is a carpenter; he manufactures wood furniture and doors. He lives in his parents’ house; it has fine finishing touches and a wood floor. His house is located in the city of La Paz’s Irpavi zone. Marco is a carpenter and earns income to cover his food, electricity and water costs. He needs the loan to buy raw materials (wood) to increase production and improve income and quality of life. Marco’s dream is to expand his carpentry shop and to finish his university studies.

Previous Loan Details

Marco is single and has no children. He lives in a rented room in the District of Irpavi of the city of La Paz.
Marco currently earns his living by making and repairing all type of items made from wood. He works more than 12 hours, but the income he generates is not enough to increase his…
More from Marco's previous loan »

Additional Information

About IMPRO

IMPRO is a small non-profit organization that has been offering micro credit to the working poor in the Bolivian cities of La Paz and El Alto since 1995. IMPRO’s goal is to fight poverty by offering loans to small business owners who cannot access credit through the regular banking system due to a lack of guarantees or collateral.

To ensure that everyone has access to credit, IMPRO maintains a low interest rate by minimizing operational costs. IMPRO’s partnership with Kiva, which began in 2007, has allowed IMPRO to expand its services while maintaining these low interest rates.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.